The Financial Stability Board (FSB) has published a consultation document on Proposed governance arrangements for the unique transaction identifier (UTI).

The UTI is intended to identify individual over-the-counter (OTC) derivative transactions to be reported to trade repositories (TRs) and to meet the needs of the authorities that use the data from TRs, facilitating in particular the consistent global aggregation of OTC derivatives transactions by minimising the likelihood that the same transaction will be counted more than once.

The consultation document:

  • describes the characteristics of the global UTI and the contents of earlier UTI technical guidance from the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions which are relevant to governance considerations;
  • sets out key criteria the FSB has identified and intends to use to assess UTI governance arrangements;
  • outlines potential governance functions the FSB anticipates should be performed and groups them into three general areas; and
  • discusses possible governance options for the three different areas of UTI governance.

The deadline for comments on the consultation document is 5 May 2017.

View FSB publishes consultation on UTI governance, 13 March 2017

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